Penny Stocks Watchlist: BHLL, TLTFF, PFFOF, HZLIF

The penny stock space is highly competitive and attracts hundreds of thousands of investors on a daily basis. Preparing a watch list for penny stocks to follow may be a good move for investors. This feature is going to provide you with a look into four penny stocks that could be added to your watch list.

Bunker Hill Mining Corp. (OTC:BHLL) Yesterday, the company announced it had been awarded final listing approval by the Listing Committee of the TSX Venture Exchange. Bunker Hill Mining Corp. also announced that its common stock would commence trading on the TSX Venture Exchange under the ticker symbol BNKR on September 8, 2023.

The common shares of the company were delisted from the Canadian Stock Exchange yesterday at the close of business. Additionally, it was also revealed that, in connection with the uplisting of Bunker Hill Mining stock to the TSX Venture Exchange, the company appointed Computershare Investors Services Inc. as its transfer agent and registrar.

The appointment went into effect on August 28, 2023, and replaced the previous transfer agent, Capital Transfer Agent ULC. The company also revealed that the shareholders would not need to take any action in relation to the change in registrar and transfer agent. Investors would need to direct all their queries and correspondence regarding common share transfers, lost share certificates, changes of address, and shareholder records to Computershare.

Theralase Technologies Inc. (OTC: TLTFF) The clinical-stage pharmaceutical firm is involved in the research, commercialization, and development of photodynamic compounds, which are light-activated, for tackling viruses, bacteria, and cancers. On Thursday, Theralase Technologies Inc. announced that it had successfully concluded a non-brokered private placement offering. In the offering, the company issued a total of 1,840,000 units for the price of $0.25 each and managed to generate total gross proceeds to the tune of $460,000.

Each unit was made up of one common share in Theralase Technologies and a common share purchase warrant. A warrant holder would be entitled to pick up an additional share in the company for the exercise price of $0.35 each for a period of up to 24 months from the date of issuance. The company revealed that it would use the fresh injection of capital to advance the Phase II clinical study of non-muscle-invasive bladder cancer. Additionally, the capital would also be used for general corporate and working capital needs.

Portofino Resources Inc. (OTC: PFFOF) On September 7, the company provided more information with regard to its buyout option agreement for the Yergo Lithium Project. Portofino Resources Inc. revealed that since it had announced the option buyout, it had been the subject of fresh interest from entities that had previously approached the company for joint ventures, project investment, and acquisition of the project. In the news release, the company revealed that it was involved in discussions with a number of parties.

Although the company noted that there was no guarantee that a transaction would take place, it stated that it was encouraged by the interest.

Hertz Lithium Inc. (OTC: HZLIF) On Thursday, the company came up with an update about its lithium extraction technology, for which a patent is still pending. Hertz Lithium Inc. is developing the technology in collaboration with Penn State University. The company announced that the technology would be a novel process for extracting lithium from alpha-spodumene.

It should be noted that the spodumene mineral is regarded as the biggest source of lithium with high purity. Not too long ago, Hertz Lithium also inked the Spodumene Research Agreement with Penn State University.

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